The Jack Dempsey versus Luis Ángel Firpo fight was a historic boxing fight: It was the first time that a Latin American fighter would challenge for the world Heavyweight title, and it would be one of the defining fights of Dempsey's career.

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Dempsey versus Firpo took place on September 14, 1923, at the Polo Grounds in New York City. Dempsey had been champion since 1919, and Firpo was one of the top heavyweights of the world, nicknamed "El Toro de las Pampas" ("The Bull of the Pampas"). 80,000 fans paid to see the fight live.

Firpo displayed his power immediately, when he dropped a lunging Dempsey with a right hand just after the start of the first round. Dempsey landed on one knee, then quickly recovered. Dempsey then rushed onto his rival and proceeded to drop Firpo seven times within a minute and a half. There was no "three knockdown" rule, and Dempsey was permitted to stand over the fallen fighter and immediately knock him down again, as there was yet no rule about going to a neutral corner.

But only half a minute later, towards the end of the first round, Firpo struck again. Trapping Dempsey against the ropes, he struck with another right to Dempsey's chin. Dempsey tumbled backwards out of the ring, and a photographer caught him as his legs pointed upwards. Dempsey hit a ringside writing machine during his fall, and he suffered a severe cut to the back of his head. He was helped back into the ring by the writers at ringside. Film of the fight shows the referee had reached the count of fourteen by the time he returned.

After that scare, Dempsey recovered, dropping Firpo two more times in the second round, for a knockout victory at the fifty-seven-second mark of that round.

Luis Firpo throws Jack Dempsey out of the ring; this was the basis for artist George Wesley Bellows' famous portrait.

Firpo sending Dempsey outside the ring; painting by George Bellows

Dempsey and Firpo both became icons. Dempsey later lost his Heavyweight title to Gene Tunney in two equally historic bouts (see: The Long Count Fight), he did military service and opened a restaurant in New York before dying in 1983.

Firpo, for his part, was also the first Argentinian to ever challenge for the world Heavyweight title. Although he did not become a world champion, he was revered in Argentina and most countries in Latin America, to the point that there are several streets and avenues in other Latin countries named after him, as well as one of the most important footballteams in El Salvador.

George Bellows painted a work depicting Firpo dropping Dempsey through the ring's ropes on their historic fight. In 1950, Firpo's second knockdown of Dempsey was named "the most dramatic sports moment of the (20th) century so far".

It was mentioned in Steve McQueen's The Sand Pebbles (1966) during the fight between Po-han and Ski.

In the play Twelve Angry Men, the seventh juror (a sports fan who believes the accused is guilty) suggests to his fellow jurors that if juror No. 8 had been "ringside at the Dempsey-Firpo fight, he'd be tryin' to tell us Firpo won" because juror No. 8 is trying to convince the other 11 jurors that the accused may not be guilty. In the 1957 movie version by Sydney Lumet, the fight is also mentioned the same way, though juror #7's line is cut short, only managing to say that if juror No. 8 had been "ringsise at the Dempsey-Firpo fight, he'd be tryin' to tell us..." before trailing off and moving on to his next line.